Crypto-city
on June 18, 2019 73 views

Why is Facebook's Libra Blockchain neither a true cryptocurrency nor a threat to Bitcoin? What requirements and restrictions will GlobalCoin users have? Who will they compete against?

CORRECTION: At 4:58, I say that PayPal only serves twenty to thirty countries. They actually claim to be available in "in more than 200 countries/regions," but the point still stands about people in some countries have more limited access than others.
https://www.paypal.com/us/webapps/mpp/country-worldwide

This question is from the May monthly subscriber session, which took place on May 25th 2019. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop

RELATED:
Facebook Coin and JPM Coin - https://youtu.be/Plseqktm3G4
Measuring Success: Price or Principle - https://youtu.be/mPMsbgWl9p4
Bitcoin and the Banks: Five Stages of Grief - https://youtu.be/43Ucj6_Erb0
Escaping the Global Banking Cartel - https://youtu.be/LgI0liAee4s
Money as a System-of-Control - https://youtu.be/FyK4P7ZdOK8
What is Consensus: Rules without Rulers - https://youtu.be/2tqo7PX5Pyc
Bitcoin Security: Bubble Boy and the Sewer Rat - https://youtu.be/810aKcfM__Q
Why Open Blockchains Matter - https://youtu.be/uZPIz3ArQww
Why permissioned blockchains fail - https://youtu.be/GEQzlJ_WL-E
How to avoid re-creating systems of control - https://youtu.be/EfoGnDoaBL8
The QuadrigaCX scandal and counterparty risk - https://youtu.be/xsrF0szpS0I
Do "crypto-banks" threaten hard money? - https://youtu.be/Ps78g2_3_6o
Governance and social attack immunity - https://youtu.be/PjOHatoX6Fk
Privacy experimentation and the luxury of laziness - https://youtu.be/4GoPRNFr2YQ
State-sponsored digital currencies and trust minimization - https://youtu.be/dSpFbg7jlDw

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos!

MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9

Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/

THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs

THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ

Translations of THE INTERNET OF MONEY:
Spanish, 'Internet del Dinero' (v1) - https://amzn.to/2yoaTTq
French, 'L'internet de l'argent' (v1) - https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390
Russian, 'Интернет денег' (v1) - https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg
Vietnamese, 'Internet Của Tiền Tệ' (v1) - https://alphabooks.vn/khi-tien-len-mang

MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK

Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)

Categories: Education
Be the first person to like this.